IRS REGULATIONS INCREASING IMPUTED INTEREST
RATES AND INTERPRETING ESTATE TAX LAW
CONCERNING VALUATION OF FAMILY FARM AND
OTHER BUSINESS PROPERTIES

KF26
.F56
1981a

CONTENTS

ADMINISTRATION WITNESSES

Egger, Roscoe L., Commissioner of Internal Revenue

Chapoton, John E., Assistant Secretary of the Treasury for Tax Policy

American Farm Bureau Federation, Dean Kleckner, president
Benedict, Howard, New Haven, Conn..

130

181

Duff Farm Management Service, Lebanon, Ind., Jay D. Luse

Ely, Bert, president, Ely & Co., Roanoke, Va......

159

180

Furleigh, Robert, Clear Lake, Iowa...

157

Harl, Neil E. accompanied by Prof. Charles F. Curtiss, Iowa State University..

Hasbargen, Prof. Paul, University of Minnesota.....

85

89

Hutton, David J., Hutton, Kennedy & Neaton, Minneapolis, Minn

162

Iowa Farm Bureau Federation, Dean Kleckner, president..

130

Jones, Kent, commissioner of agriculture, North Dakota...

134

Kleckner, Dean, president, Iowa Farm Bureau Federation..

130

Kobell, Mrs. Ruth E., legislative assistant, National Farmers Union, accompa-
nied by Susan McDowell of the National Grange......

183

Luse, Jay D., Duff Farm Management Service, Lebanon, Ind.
Melcher, John, Senator, Montana

159

38

National Association of Wheat Growers, Helen Timmerman, chairman

132

National Farmers Union, Ruth E. Kobell accompanied by Susan McDowell of

the National Grange..

183

160

132

Ridenour, Philip D., Cimarron, Kans........

Timmerman, Helen, chairman, National Association of Wheat Growers

ADDITIONAL INFORMATION

Committee press release.

2

Joint Committee Print, "Background on Regulations Under Sections 482, 483,

and 2032A of the Internal Revenue Code....

4

Prepared statement of Senator Mark Andrews, N. Dak.

Appendix to testimony of Bert Ely, impact of change of interest.
Prepared statement of Representative Tom Daschle, South Dakota........
Prepared statement of Senator Robert J. Dole

...........

Prepared statement of Senator Dave Durenberger.

Prepared statement of Senator John Melcher of Montana.

Letter to Sen. Charles E. Grassley, from John E. Chapoton, Assistant Secre-
tary of the Treasury

Joint statement, John E. Chapoton, Assistant Secretary of the Treasury and
Roscoe L. Egger, Commissioner of Internal Revenue...

34

24

45

49

54

73

77

Prepared statement of Sen. Bob Dole, introduction of Philip Ridenour